[Hearing of the Assembly Standing Committee on Economic Development, Job Creation, Commerce, and Industry on oversight of the 2010-2011 State budget and the agencies and programs that are under the purview of the Committee]. [2010]
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In 1995, a number of agencies, which had previously functioned independently, were consolidated in order to increase efficiency, reduce overhead and enhance the delivery of the State's economic development initiatives. The functions of the Department of Economic Development (DED) and the Urban Development Corporation (UDC) were consolidated, along with other State economic development entities: the Job Development Authority (JDA) and the Science and Technology Foundation (STF). UDC's directors a...
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